Weekend Reading – Bank stocks, cryptocurrency advice, blowing $650-million, and more #moneystuff
Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
Here was my article for this past week:
Enjoy the weekend folks and see you here next week for a dividend income update!
Steadyhand warned Canadians not to fall in love with just Canadian bank stocks.
Get Smarter About Money said when it comes to cryptocurrencies, “investors may be eager to get in on a new trend, but should be wary of the considerable risks that often accompany these investments.” Well said.
I got this request from a reader/follower:
I’ll answer that question next week!
A reader recently asked me:
My answer is: While low-cost funds and a certain level of diversification is very important, investors should also carefully consider their financial goals, risk tolerance and other considerations when making financial decisions. I believe we have done that. So, to that end, we invest in about 30 Canadian dividend paying stocks for growth and income, another 10 U.S. dividend paying stocks for the same reasons, and use low-cost ETFs in addition to that. At the end of the day, ETFs are financial products, some of them engineered to meet the needs of many investors but that doesn’t mean certain ETF products are always a slam dunk for you (or me).
Most Americans believe you need about $1.4 million in net worth to be “financially comfortable” yet more than 90% of Americans will never have that much wealth – or be financially comfortable then.